14 april. Hormuz och Wall Street. Dollarkursen slår. Kackerlackor. China Shock 2.0
Twenty years ago the global economy was shaken by a first “China shock” as a wave of low-cost goods destroyed the business models of manufacturers in advanced economies, displacing millions of workers and feeding discontent that fuelled populist politicians including US President Donald Trump. Now a second shock is under way — one that is even more threatening to China’s trading partners: an assault on high-end manufacturing. Financial Times 14 April 2026 https://www.ft.com/content/7d51a630-a3de-4cc7-9f5f-0f3e7f0d305a?syn-25a6b1a6=1 What’s really shocking about the second China shock? Perhaps a shock is scarier if it’s concentrated in a few products, destroying, say, a car industry. On this dimension the second China shock looks slightly more intense than the first. The clearer difference is in the nature of the products China is sending. Feeling much more threatened by competition in higher-tech products like cars and chips. Another deviation from the first China shock playbook l...